Enforcement

Crypto / Digital Assets

BSP Urged to Take Action Against Unregistered Crypto Exchanges

By Mark Johnston | 26/06/2023

Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.

Enforcement

ASIC Rejects Senate’s Accusations of Undermining Inquiries

By Karen Ng | 26/06/2023

ASIC chair Joe Longo delivers a defence against accusations that the regulator obstructed a Senate inquiry into its capacity and ability.

Enforcement

US SEC Fines JPMorgan for Inadvertently Deleting Emails

By Editors | 25/06/2023

The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.

Crypto / Digital Assets

Switzerland Freezes $26m in Crypto Linked to Terra Collapse

By Editors | 25/06/2023

The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.

Enforcement

Japan FSA Takes Administrative Action Against Two Banks

By Editors | 24/06/2023

The banks sold risky structured bonds to clients without checking their investment experience and explaining the risks.

Enforcement

ASIC Penalises Morrison Securities for Mishandled Client Orders

By Sanday Chongo Kabange | 24/06/2023

Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.

Enforcement

Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations

By Mark Johnston | 23/06/2023

Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.

AML / KYC

Senate Committee to Investigate Perth Mint’s AML Compliance

By Editors | 22/06/2023

The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.

Crypto / Digital Assets

CFTC Files Charges in First Romance Scam Case Involving Crypto

By Sanday Chongo Kabange | 22/06/2023

The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.